In this paper the dynamics of human running on flat terrain and the required mechanical power output with its dependency on various parameters is investigated. Knowing the required mechanical power output is of relevance due to its relationship with the metabolic power. For example, a better understanding of the dependencies of required mechanical power output on weight, running and wind speed, step frequency, ground contact time etc. is very valuable for the assessment, analysis and optimization of running performance. Therefore, a mathematical model based on very few assumptions is devised. The purpose of the proposed model is to relate running speed and required mechanical power output as an algebraic function of the runner’s mass, height, step rate, ground contact time and wind speed. This is relevant in order to better understand the mechanical energy cost of locomotion, and how much it depends on which parameters. The first of the main energy dissipation mechanisms is due to vertical oscillation, i.e., during each step some of the potential energy difference gets transformed into heat. The second mechanism is due to the anterior ground reaction force during the first part of stance and the third is due to aerodynamic drag. With the approximations of constant running speed and a sinusoidal vertical ground reaction force profile one obtains closed algebraic expressions for the center of mass trajectory and the required mechanical power output. Comparisons of model predictions and reported performance data suggest that approximately a quarter of the ground impact energy is stored during the first part of ground contact and then released during the remaining stance phase. Further, one can conclude from the model that less mechanical power output is required when running with higher step rates and a higher center of mass. Non intuitive is the result that a shorter ground contact time is beneficial for fast runs, while the opposite holds for slow runs. An important advantage of the devised model compared to others is that it leads to closed algebraic expressions for the center of mass trajectory and mechanical power output, which are functions of measurable quantities, i.e., of step rate, ground contact time, running speed, runner’s mass, center of mass height, aerodynamic drag at some given speed, wind speed and heart rate. Moreover, the model relies on very few assumptions, which have been verified, and the only tuning parameter is the ratio of recovered elastic energy.